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Silver Price Forecast: XAG/USD rally pauses below 50-day SMA after intraday surge
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Silver Price Forecast: XAG/USD rally pauses below 50-day SMA after intraday surge
Silver (XAG/USD) gains traction on Wednesday as renewed optimism surrounding a potential US-Iran peace deal triggers a sharp decline in the US Dollar (USD) and Oil prices. At the time of writing, XAG/USD is trading around 77, up over 5.50% on the day. The latest leg higher comes after Axios reported that Washington and Tehran are moving closer to a potential agreement aimed at ending the war and establishing a framework for detailed nuclear nego…
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